Siemens is growing vigorously, China demand recovers-Diepresse.com
The sales of the technology group rose by seven percent to just under 19.8 billion euros at the end of March.
The technology group Siemens has grown sharply in the second business quarter and did better than expected. The company benefited from robust shops in the field of intelligent infrastructure, the train division mobility and the medical technology subsidiary Healthineers. Sales rose by seven percent at the end of March to just under 19.8 billion euros, as the company announced on Thursday in Munich.
Currency and portfolio-adjusted the plus was six percent. The result of the industrial business increased by almost 30 percent to 3.24 billion euros. Siemens also benefited from the sale of ride activities at Smart Infrastrucure.
The order input grew by ten percent to 21.6 billion euros. The train division and Siemens Healthineers record significantly more new business. In the digitization division, the order inputs were at the previous year’s level. Lightblows have been found in the long weakening automation business: Siemens again recorded significant growth thanks to higher demand from China. According to Siemens, the excess inventory in the region, which has been going on since quarters, approached. On the other hand, the automation orders in Germany declined considerably.
The numbers were significantly better than analysts thought. The forecast for the current financial year confirmed Siemens. The recently completed takeover of the US software group Altair is not included. (APA/dpa-AfX)
